=L Brands (LB) reported earnings on Wed 23 May 18 (a/h)

L Brands beats by $0.02, beats on revs; guides JulQ EPS below consensus; guides FY19 EPS below consensus 

• Reports Q1 (Apr) earnings of $0.17 per share, $0.02 better than the Capital IQ Consensus of $0.15; revenues rose 7.8% year/year to $2.63 bln vs the $2.59 bln Capital IQ Consensus.
• Co issues downside guidancefor Q2 (Jul), sees EPS of $0.30-0.35 vs. $0.40 Capital IQ Consensus Estimate.
• Co issues downside guidancefor FY19, sees EPS of $2.70-3.00 vs. $3.01 Capital IQ Consensus Estimate and vs prior guidance of $2.95-3.25.